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16-Jun-2022 01:53 PM

IN BRIEF: Longboat Energy eyes drilling at two sites by September

Longboat Energy PLC - exploration and production company focused on the North Sea - Expects to commence drilling at 20%-owned Oswig site in July and drilling at 10%-owned Copernicus site by the end of September. Company remains fully funded for its dri
06-Jun-2022 11:58 AM

Longboat Energy to abandon Cambozola well in Norway due to dryness

Longboat Energy PLC on Monday said its Cambozola exploration well offshore Norway came up dry and will now be plugged and abandoned. The exploration and production company focused on the North Sea said the Cambozola exploration well in licence
11-Apr-2022 05:59 PM

IN BRIEF: Longboat Energy starts drilling at Cambozola well in Norway

Longboat Energy PLC - exploration and production company focused on the North Sea - Commences drilling operations at the 25%-owned Cambozola exploration well in Norway. Longboat says the well is a ‘play opener’ and calls it the largest gas
05-Apr-2022 10:29 AM

Longboat Energy shares rise on discovery of oil at Kveikje well

Shares in Longboat Energy PLC rose on Tuesday following a significant oil discovery in the Equinor-operated Kveikje exploration well in licence PL293B, in the Norwegian North Sea. Shares in the North Sea-focused oil & gas firm were 17% high
23-Mar-2022 03:55 PM

IN BRIEF: Longboat Energy ‘well positioned’ as ramps up drilling

Longboat Energy PLC - North Sea-focused exploration and production - Reports pretax loss of £11.6 million in 2021, widened from £2.4 million in 2020, due to £6.4 million in exploration and evaluation expenses last year versus none the ye
16-Jul-2010 12:54 PM

Brian Myerson resigns from Liberty

Brian Myerson has resigned as a non-executive director of Liberty plc with immediate effect. This follows the decision earlier in the week of the Panel of Takeovers and Mergers. Story provided by
23-Jun-2010 10:00 AM

BGL offer for Liberty declared unconditional

BlueGem Gamma's recommended cash offer for Liberty has been declared unconditional. BGL says that it had received valid acceptances in respect of a total of 21,923,363 Liberty shares - 96.99% of the issued ordinary share capital. The offer will rem
28-May-2010 02:15 PM

MWB shareholders back Liberty sale

MWB's proposed sale of its entire 68.3% stake in iconic department store Liberty for £28.7m has the backing of shareholders. MWB - which acquired its investment in Liberty in July 2000 - said it has received 51.47% irrevocable undertakings to vote i
19-May-2010 09:56 AM

BlueGem agrees terms of offer for Liberty

The boards of Liberty and private equity vehicle BlueGem have agreed terms on a recommended cash offer for the iconic department store. BlueGem has created a newly incorporated company, BGL, to make an offer of 141.8p per share offer for Liberty, valuing
18-May-2010 04:17 PM

Liberty rejects Pyrrho claims over offer

Liberty and MWB Group Holdings have rejected new assertions by Pyrrho Investment that its offer for the store was negotiable. Yesterday (17 May) Liberty denied that Pyrrho Investments had been "frozen out" of the bidding process and was prevent
18-May-2010 07:37 AM

Pyrrho refutes Liberty claims

Pyrrho Investments Ltd, the vehicle that has made a counter-bid for department store Liberty, has refuted claims made by Liberty in regard to their offer. They have stressed that their intitial proposal on 4 May was not "highly conditional". T
17-May-2010 08:14 AM

Liberty denies 'freezing out' Pyrrho

Iconic brand and Regent Street emporium Liberty has denied that Pyrrho Investments was "frozen out" of the bidding process and was prevented from making a higher offer. Liberty says Pyrrho had ample opportunity to increase its proposed 185p a
14-May-2010 09:04 AM

Pyrrho in possible higher offer for Liberty

Pyrrho Investments has made a proposal to the board of department store operator Liberty detailing an offer to acquire the Company at a higher price than the possible offer from BlueGem Capital Partners. BlueGem has suggested a price of 186p per share wh
12-May-2010 09:50 AM

MWB Group Holdings sees signs of improvement

MWB Group Holdings says its three operating businesses have continued to make progress since the new year despite uncertainties in their markets. Chairman Eric Sanderson said, 'There are signs of some improvement in all our markets although we remai
07-May-2010 03:02 PM

Liberty rejects 185p per share approach

Liberty's board has rejected a possible offer of 185p per share. Liberty announced the approach and the board's rejection in relation to a possible offer by BlueGem Capital Partners LLP at an aggregate price of 186 pence per Liberty share. It
16-Apr-2010 02:49 PM

MWB to hold meeting on Liberty store sale

MWB Group is holding a general meeting to approve the sale and leaseback of Liberty's flagship store in Great Marlborough Street in London's West End. MWB - which holds 68% of Liberty - says the net sale price of £41.2m to Sirosa Liberty repres
30-Mar-2010 01:50 PM

MWB has 71% support for £41.5m Liberty freehold sale

MWB plans to sell the freehold of its 68%-owned Liberty subsidiary's flagship store in London's West End for £41.5m is backed by 71.3% of shareholders. It says this includes 15.8% relating to undertakings from directors of the company. Stor
30-Mar-2010 09:36 AM

MWB Group loss widens to £15.4m

MWB Group Holdings reported a 56% increase in its pre-tax loss to £15.4m from £9.9m for the year to December, despite record revenues from retail arm Liberty. The group said the result reflected tougher market conditions and spending on its newly acqui
30-Mar-2010 09:18 AM

Liberty pre-tax losses narrow

Full year pre-tax losses at Liberty fell to £4.45m - down from £6.97m last time. Revenues for the year to the end of December rose to £59.62m - up from £49.88m and EBITDA, before brand expenditure and reorganisation costs, increased to £3m from £1.82m in
15-Mar-2010 08:46 AM

Liberty sells flagship store for £41.5m

Liberty - 68%-owned by MWB Group Holdings - has sold its 125,000 sq ft flagship West End store in Great Marlborough Street for £41.5m to Sirosa Liberty. The sale price reflects an initial yield of 4.8%. Story provided by Business Financial Newswire...
15-Mar-2010 08:32 AM

MWB sells Liberty store for £41.5m

MWB Group Holdings has announced the sale and lease-back of its flagship Liberty store in London for £41.5m. The company's 68% subsidiary, Liberty Plc, has exchanged contracts for the sale of the freehold interest in the 125,000 sq ft store on Great
01-Mar-2010 08:17 AM

Liberty considers sale and leaseback of flagship store

Liberty has confirmed that it is holding talks over the sale and leaseback of its flagship store in London's Great Marlborough Street. Liberty - which is 68%-owned by MWB Group Holdings - said "a number of parties" had expressed interest
14-Jan-2010 10:07 AM

Liberty store sales up 16%, says MWB

Regent Street store Liberty grew revenue by 16% in 2009, says owner MWB Group Holdings in its pre-close update. Hotels, serviced offices and retailing group MWB said its iconic brand continued to benefit from the renaissance of the flagship store in Fe...
17-Dec-2009 11:53 AM

MWB placing to head off covenant breach

MWB Group Holdings has announced a placing to raise £24.9m net at 30p a share, aimed at preventing the group breaching a covenant and forestalling a funding shortfall. The issue price represents a discount of 32.6% to the latest closing price. Th...
06-Nov-2009 07:55 AM

MWB businesses in line with expectations

Boutique hotel owner, serviced offices operator and retailer, MWB Group, says its three operating businesses continue to perform in line with expectations. Demand at the Group's hotel businesses, Malmaison and Hotel du Vin, has been broadly consistent wi...

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